The money will go to target-date fund investors whom the company failed to warn about capital gains tax hits, the SEC said.

Two Focus Financial network firms have agreed to be acquired by Boston-based hub firm SCS Financial, Focus Partners Family Office and OCIO.

Nomura Holdings Inc. is joining T. Rowe Price in seeing a chance of 10-year Treasury yields rising to 6% this year, making the call days before Donald Trump’s inauguration as the next US president.

Goldman also gave Solomon a $39 million pay package for 2024, a year in which the bank’s profits surged. The award, disclosed in a filing on Friday, is a 26% increase on Solomon’s package for the ...

The firms failed to consider the best interests of clients when selecting cash sweep programs, the agency said.

Tax-exempt municipal bond supply rebounded in 2024, as issuance through October 2024 was 43% higher than the year before at $436 billion. About $406 billion of that being tax-exempt and the remaining ...

The law, SB1718, requires businesses to use a federal system called E-verify to confirm that every employee can work legally in the US — or face $1,000-a-day fines. On Jan. 13, DeSantis proposed ...

Digital wealth management platform Advisor360° has acquired AI technology firm Parrot AI.

This new science-side of retirement can not only help individuals and couples make better, more informed decisions and transitions, but also serve as starting points for financial advisors and HR ...

US stocks are “protected by Trump” from downside, strategist Michael Hartnett wrote in a note, although he doesn’t expect sharp gains either due to risks including high concentration in mega-cap ...

While most of the tariff-driven scramble to refinance has taken place in the European junk debt market — which funds many of the continent’s riskier companies in exposed sectors — there are also fears ...

A number of economists agreed it would be worrying if higher bond yields meant investors had lost confidence in the Fed’s ability to bring inflation fully under control. New rate cuts would be off the ...